Ethics & Standards

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Professions can only exist within an industry when those acting with transparency, integrity, candor, and trust reach a critical mass. CFA Institute has long championed these values. CFA Institute believes that the investment industry should work for the ultimate benefit of society, and that cannot be achieved without the highest possible standards and ethics.

Ethical Decision-Making

Our framework for ethical decision-making helps guide investment professionals as they resolve ethical dilemmas in the best interests of their clients.

Code and Standards

The foundation of our work is the Code of Ethics and Standards of Professional Conduct, which set the ethical benchmark for investment professionals around the globe.

Global Investment Performance Standards (GIPS®)

This set of standardized, industry-wide, ethical principles guide investment firms on how to calculate and present their investment results to prospective clients.

Asset Manager Code

This code outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients, providing standards and supportive guidance based on general principles of conduct.

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